fiscal policy

Nigeria's headline inflation declined marginally to 15.06% in February from 15.10% in January, while the NGX All-Share Index crossed the 200,000-point mark for the first time, signaling divergent economic signals.

Debt servicing costs are consuming Nigeria's government revenues following President Tinubu's removal of petrol subsidies and naira float, while a N210 trillion NNPC accounting discrepancy deepens fiscal uncertainty.

National Treasury's budget office director resigns after helping stabilize public debt trajectory, as Finance Minister Godongwana implements tax relief measures and biometric fraud controls targeting R3bn in grant savings.

Subnational governments across Nigeria have intensified borrowing, with eleven states and the Federal Capital Territory accumulating N373.06 billion in additional domestic debt between December 2024 and September 2025, signaling mounting fiscal pressures.

Lawmakers have called for President Tinubu's urgent intervention after the Information Ministry received only N205 million of its N2.49 billion capital vote, while the Senate endorses a $200 billion South-east development plan amid transparency concerns.

Finance Minister Enoch Godongwana faces mounting pressure to stabilize South Africa's ballooning R6 trillion national debt while provincial budgets hang in the balance amid political tensions.

Federal and state governments unveil major spending commitments including N170 billion for rural electrification, N2.39 trillion for education, and N152.4 billion for Kaduna local governments as Nigeria accelerates infrastructure development.

Finance Minister Enoch Godongwana delivered a cautious 2026 Budget that avoided major tax increases while raising petrol levies by 21 cents per litre and committing to tax authority modernisation, drawing mixed political reactions.

Finance Minister Enoch Godongwana withdrew a planned R20 billion tax increase after stronger-than-expected collections, while announcing a revised inflation target that economists praise as a turning point for policy credibility.

Finance Minister Enoch Godongwana presented South Africa's 2026 budget with a primary focus on capping debt levels at 77.9% of GDP, while navigating coalition government demands and mounting household financial pressures from persistent inflation.

Finance Minister Enoch Godongwana delivered the 2026 national budget on February 25 amid civil society demonstrations and opposition calls to avoid VAT increases, with COSATU proposing a pension contribution holiday to ease fiscal pressure.

Labour Party's 2023 presidential candidate Peter Obi has shifted the national debt discourse, arguing that Nigeria's fundamental problem lies in fund mismanagement rather than borrowing levels, challenging conventional fiscal policy debates.

Deputy Speaker Benjamin Kalu emphasized that African nations, particularly Nigeria, cannot achieve economic independence without strengthening domestic revenue collection, as President Tinubu separately urged governors to prioritize youth-focused economic policies.

Federal Government initiates investigation into past revenue collections following Presidential directive requiring immediate remittance of oil proceeds to Treasury Single Account, as N58.18 trillion 2026 budget faces implementation hurdles.

Housing has overtaken infrastructure as Kenya's top budget priority, now commanding 20.2 percent of national spending as President Ruto's mandatory salary deduction program accelerates affordable housing delivery amid fiscal pressure.